Original article by Daniel Palmer
The Australian – Page: 31 : 27-May-16

The Australian Bureau of Statistics has reported that capital expenditure on buildings and equipment fell by 5.2 per cent in the March 2016 quarter, compared with expectations of a 3.5 per cent decline. Capex in the mining sector fell by 12 per cent and non-mining capex was down 0.4 per cent. Meanwhile, the latest figures show that capex is forecast to total $A89.2bn in 2016-17, compared with a previous forecast of $A82.6bn.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, CAPITAL ECONOMICS LIMITED, COMMONWEALTH SECURITIES LIMITED